Banking & Finance
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174CBN Halts Profit Sharing, Overseas Investments for Banks Under Special Support
The Central Bank of Nigeria (CBN) has temporarily suspended the payment of dividends, executive bonuses and foreign investments by banks currently under...
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271CBN Extends BDC Recapitalisation Deadline to December
The Central Bank of Nigeria (CBN) has extended the deadline for Bureau De Change (BDC) operators to meet new recapitalisation requirements to...
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189FIRS Launches Revised SOP to Streamline Tax Payment
The Federal Inland Revenue Service (FIRS) has revised its Standard Operating Procedure (SOP) as part of efforts to improve consistency, transparency, and...
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215Audit Flop: Nigeria Forfeits $4m from World Bank Loan
The Federal Government is expected to lose $4m from a World Bank loan after failing to meet auditing standards on a key...
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Recapitalisation: 3,600 Bureau De Change Operators Risk Deregistration
There are indications that about 3,600 bureau de change operators might lose their registration as the deadline for recapitalisation given by the...
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322Currency in Circulation Hits ₦5.01tr as Cash Outside Banks Declines
Currency in circulation (CIC) in Nigeria climbed to N5.015 trillion in April 2025, up marginally from N5.003 trillion in March, according to...
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279Only 19% of Nigerians Pay Tax –FIRS
Faced with a worrying tax compliance crisis, the Federal Inland Revenue Service (FIRS) has revealed that only between 10 and 19 percent...
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220$750m Loan: World Bank Pressures Nigeria for Fresh Tax Hike
The World Bank has asked the Federal Government to issue a presidential order raising excise duties on “sin goods” such as alcohol,...
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208DBN Disburses ₦273.4b, Rewards Banks
The Development Bank of Nigeria has recognised outstanding partner financial institutions for their contributions to micro, small, and medium enterprise growth across...
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128CBN to Banks: Champion Diaspora Products, Cut Remittance Costs
Governor, Central Bank of Nigeria (CBN), Olayemi Cardoso, has called on commercial banks to take full ownership of diaspora-focused financial products and...
